Done Deals: Tricera Capital Acquires Milan at Town Center in Boca Raton, FL for $20 Million

Milan at Town Center
1675 North Military Trail
Boca Raton, FL

BOCA RATON, FL, Nov. 23, 2021 – Tricera Capital, the Miami-based real estate investment firm, expanded its rapidly growing portfolio to Boca Raton with the $20 million purchase of trophy office building the Milan at Town Center. The prominent Class A building is adjacent to the Town Center Mall and Boca Center.

Ben Mandell

The firm closed on the Milan at Town Center acquisition on Nov. 22. The acquisition was financed by Walker & Dunlop Investment Partners and arranged by Mission Capital.

Douglas Mandell of Marcus & Millichap brokered the sale of Milan at Town Center.

Douglas Mandell

Located at 1675 N. Military Trail, Milan at Town Center is a seven-story office building with approximately 70,000 square feet and ample parking in the four-story podium parking garage.

“This is a tremendous opportunity to bolster our portfolio of office assets with a prime property in the heart of Boca Raton,” Tricera Co-Founder and Managing Principal Ben Mandell said.

“West Boca is experiencing substantial growth, especially in the Town Center area. Milan at Town Center is an ideal option for the corporations seeking to relocate to Palm Beach County.”

Scott Sherman

“We continue to be bullish on the office sector and believe much of the current noise about its post-pandemic challenges are overstated,” Tricera Co-Founder and Managing Principal Scott Sherman said.

“That is especially true in Palm Beach County, which is attracting much of the domestic and corporate migration and will continue to do so. Boca Raton is a top target for many relocating families and professionals.”

CONTACTS:

Eric Kalis

954-370-8999

ekalis@boardroompr.com

www.triceracap.com

dustin@triceracap.com.

Daniel Benjamin

Senior Account Executive

BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287